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Bill
Bill, Enrolled Agent
Category: Tax
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Experience:  EA, CEBS - 35 years experience providing financial advice
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Can I invest in my 100% owned corporation out of my self-directed

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Can I invest in my 100% owned corporation out of my self-directed IRA?

Generally, this would be a prohibited transaction and disqualify your IRA. If your IRA purchases stock directly from a corporation that you control (since you own more than 50%), then it is considered self-dealing which is a prohibited transaction. Another issue with this type of transaction is finding an IRA trustee that will administer and handle the purchase of private stock.

 

http://www.trustetc.com/new/rules-and-regulations/plain-english/self-dealing.html

 

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